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    Property profile & analytics

    517 6th St Racine, WI 53403-1155

    • Investment properties
    • 6,300 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $180,000
    Location Intelligence
    Property ID
    US92-0390889
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 517 6th St

    Year built
    1900
    Lot size
    0.05 lot acres
    Property size
    6,300 SF
    Zone code
    B4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    276 000000364000
    APU
    276000000364000

    Description

    This exceptional 2,000 square foot commercial space, located at 517 6th Street in Racine, Wisconsin, presents a unique opportunity for businesses seeking a vibrant downtown location. Currently configured as retail space, this property is adaptable to a variety of uses, including creative office, professional office, or a combination thereof. Situated directly across from the Indian Motorcycle dealership and just blocks from Lake Michigan, this property benefits from high visibility and foot traffic in the heart of Racine's bustling downtown area. The space features two bathrooms and offers a tenant improvement allowance, making it ideal for businesses needing customization. The building boasts a masonry facade, eligible for a facade grant, further enhancing its appeal. Traffic counts average 8,000 vehicles per day, ensuring significant exposure. Lease terms are flexible, ranging from 2 to 5 years, and the property is professionally managed. The space can be divided to accommodate different tenant needs. The asking rent is $8-$10 per square foot annually, on a triple net lease basis. A basement is also included with the property. The property is zoned B4 - Central Business District, reflecting its prime location within the city's commercial core. This is a rare opportunity to secure a highly visible and versatile space in a thriving downtown area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.7868
    Latitude
    42.7262
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,785
    $16,600
    $257,400
    $274,000
    -
    $18,384
    $285,069
    $303,453

    Comparable in this City

    • Value Estimation
      $1,390,000
      16,425 SF

      141 Main St, Unit 200

      OFFICE/RESIDENTIAL (MIXED USE) • 16,425 SF
      141 Main St, Racine, WI 53403-4631
      View Details
    • Value Estimation
      $260,000
      4,660 SF

      419 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,660 SF
      419 6th St, Racine, WI 53403-1217
      View Details
    • Value Estimation
      $55,000
      3,024 SF

      1301 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,024 SF
      1301 Ctr St, Racine, WI 53403-1870
      View Details
    • Value Estimation
      $250,000
      0.33 Acres

      1221 21st St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.33 Acres
      1221 21st St, Racine, WI 53403-3385
      View Details
    • Value Estimation
      $295,000
      4,872 SF

      306 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,872 SF
      306 6th St, Racine, WI 53403-1216
      View Details
    • Value Estimation
      $240,000
      5,200 SF

      501 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,200 SF
      501 6th St, Racine, WI 53403-1109
      View Details

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    Similar Nearby for Lease

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      View Details
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    Racine, WI 53403-1155
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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